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Staff of Reuters 2 Minute Read* The HK->Shanghai Connect daily quota was used 3.7 percent of the time, while the Shanghai->HK daily quota was used 3.6 percent of the time. The FTSE China A50 is up 0.3%. Reuters, July 6 – On Tuesday, Hong Kong stocks fell in lockstep with their mainland counterparts, owing to concerns about high valuations. * The Hang Seng index was down 70.64 points, or 0.25 percent, at 28,072.86 at the close of trading. The Hang Seng China Enterprises index dropped 0.04% to 10,269.6. ** The Hang Seng sub-index that tracks energy stocks fell 0.1 percent, while the IT sector gained 0.62 percent, the financial sector gained 0.5 percent, and the property sector fell 0.27 percent. * The Hang Seng healthcare index dropped the most, dropping 5.1 percent, mirroring losses in mainland-listed counterparts, with the CSI300 healthcare index down 3.8 percent. * Jinxin Fertility Group Ltd, Shanghai Fosun Pharmaceutical Group Co Ltd, WuXi Biologics, and Hangzhou Tigermed Consulting all had their stock prices drop between 8.3% and 10.6%. * Haidilao International Holding Ltd was the top gainer on the Hang Seng, up 4.16 percent, while WuXi Biologics (Cayman) Inc was the worst loser, down 8.41 percent. * The Hang Seng technology index fell 0.9 percent to close the day down, owing to persistent regulatory concerns. * Three individuals familiar with the situation told Reuters that China’s antitrust regulator is expected to formally ban Tencent Holdings Ltd’s attempt to unite the country’s top two videogame streaming sites, Huya and DouYu. ** The Shanghai Composite index fell 0.11 percent to 3,530.26 points, while the blue-chip CSI300 index fell 0.05 percent. * MSCI’s Asia ex-Japan stock index was 0.06 percent higher at 08:22, while Japan’s Nikkei index was 0.16 percent higher.** The yuan was quoted at 6.4628 per US dollar at 08:22, 0.02 percent higher than the previous close of 6.4639. * At the time of writing, China’s A-shares were trading at a 39.53 percent premium over Hong Kong-listed H-shares. (Shanghai Newsroom contributed reporting; Rashmi Aich edited the piece.)/nRead More

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